Responsibilities :

• Drive the New Business Value by optimizing the growth and the profit margin as per Strategy plan through impacts on business metrics and strategy and resulting product pricing
• Steer Life Product mix towards profitable lines of business with fair balance between demand in the local market and the strategic objectives of the Group, International and the Asia Region
• Product Pricing- To develop/modify products based on new product ideas or request from products team. Propose new products / riders / product modification.
• Product pricing and reporting with Regional Office on IFRS17 basis and IRDAI on traditional basis. Handling queries received from IRDAI and Regional office.
• Claims Model Recalibration, implicit guarantees calibration and assumption setting
• Co-ordination with other teams for product management related activities like providing sign off on Benefit Illustrations etc, Life department documents etc.
• Measuring the success of the product by experience monitoring and proper feedback mechanism
• Reviewing the User Acceptance Tests results and providing sign offs
• Respond to Audit queries
• Evaluate EV, appraisal value, potential partnership opportunities on the basis of bespoke products
• Good understanding of product, ALSM regulations

Requirements :

• Nearly Qualified in Actuary. Ideal candidate having prior experience in product pricing.
• Minimum 8 years of life insurance experience with at least 5 years of pricing experience.
• MS Excel Proficiency, Knowledge of VBA will be an advantage.